Saturday, September 26, 2020

Strata Schemes Management Act 2015 No 50

Part 6
Division 1
Section 113

Agreement for payment to owner of consideration on transfer or lease of common property | Section 113

An owners corporation may, in accordance with a special resolution, make an agreement with an owner for the payment to the owner of—

(a)  the whole or any part of the consideration under any transaction proposed to be entered into by the owners corporation under Division 6 of Part 2 of the Strata Schemes Development Act 2015, or

(b)  any money payable to the owners corporation under a common property rights by-law.

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Disclaimer: Reproduced from the Strata Schemes Management Act 2015 . This website does not give legal advice or other professional advice. You should seek legal or other professional advice before acting and not rely on any of the content on this website.

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